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4.0 FEASffiILITY STUDIES 4.1 Introduction A feasibility study is a detailed analysis of a limited number of alternatives. The purpose of the study is to investigate the technical, financial and institutional aspects of project implementation. Prior to beginning work on a feasibility study, a study plan should be submitted for approval to the CWCB staff. The general planning guidelines outlined in Chapter 2 and the discussion of evaluation factors in Appendix B apply to all feasibility studies conducted for the CWCB. 4.2 Feasibility Study Outline The following paragraphs provide an outline for feasibility studies funded wholly or in part by the CWCB. Requirements may vary depending upon the scope and objective of each study. The project sponsor and the consultant are encouraged to discuss study requirements with the CWCB staff prior to development of a study plan. 4.2.1 Study Objective The study objective is a statement of what the study is intended to accomplish. It should include the need for the project, the problems and opportunities to be addressed as well as the expectations of the study participant,. The study objective should be described in the introduction to the feasibility study. 4.2.2 Description of Sponsoring Entity Each feasibility report should include a description of the entity (municipality, irrigation district, conservancy district, ditch company, etc,) which is sponsoring the proposed project. The project sponsor may be a public or private entity. The description should include the following: a. Type of organization and statutes under which the entity was formed. For private entities, copy of the Articles of Incorporation and By-laws should be appended to the report, b. Powers and authorities of the organization, c. Duties and responsibilities of oftlcers and directors with a listing of the present officers and directors, 21